Cushion, a fintech startup that described itself as the “Plaid for buy now, pay later (BNPL),” has shut down. On Thursday, founder and CEO Paul Kesserwani posted on LinkedIn about the decision to wind down the company at the end of 2024. In the post, Kesserwani said that “despite bringing multiple new fintech products to…

For nearly nine years, Elon Musk has promised Tesla vehicles had the hardware needed to support a self-driving car. This week, he made his latest admission that many are not. Musk said on a conference call Wednesday evening that Tesla cars equipped with so-called Hardware 3 will need an upgrade before they can support unsupervised…

Apple’s latest earnings were a mixed bag, with slipping iPhone sales countered by rising revenue. Reporting after the bell Thursday, the iPhone maker’s overall revenue in the first quarter of 2025 beat Wall Street expectations, with a 4% bump to $124.3 billion over the same time last year. Apple reported net income of $36.33 billion,…

Intel is effectively killing Falcon Shores, its next-generation GPU for high-performance computing and AI workloads. The move comes as Intel tries to correct course after a number of disappointing product launches and historic losses, while competitors like AMD and Nvidia gain ground. Intel co-CEO Michelle Johnston Holthaus said during the company’s fourth-quarter earnings call Thursday…

Apple CEO Tim Cook said DeepSeek’s AI models represent “innovation that drives efficiency” during an earnings call Thursday while fielding questions from analysts about the iPhone maker’s AI ambitions. “In general, I think innovation that drives efficiency is a good thing. And, you know, that’s what you see in that model,” said Cook, responding to…

Apple’s iPhone sales may be down, but the company’s Services division, which includes the App Store, iCloud, Music, TV+, and other subscriptions, is still soaring. The Cupertino-based tech giant reported Thursday its Services business had an all-time revenue high of $26.3 billion for the quarter ended December 28, up 14% year-over-year. Services generated nearly $100…

Semiconductor giant Intel Corporation has already received $2.2 billion in federal grants from the U.S. Department of Commerce through the U.S. CHIPS and Science Act, the company shared during its Thursday earnings call. Dave Zinsner, Intel’s co-interim CEO, executive vice president, and CFO, said the Silicon Valley-based company received the first tranche of $1.1 billion…

DeepSeek’s terms of service explicitly states it stores user data on Chinese servers and that it governs that data under Chinese law — which mandates cooperation with the country’s intelligence agencies. But that didn’t stop U.S. Department of Defense workers from getting caught up in the DeepSeek hype this week and connecting their work computers…

Google has quietly announced the launch of its next-gen flagship AI model, Gemini 2.0 Pro Experimental, in a changelog for the company’s Gemini chatbot app. The launch of Gemini 2.0 Pro Experimental, the successor the Gemini 1.5 Pro model Google launched last February, comes as the tech world remains fixated on Chinese AI startup DeepSeek.…

Last week, Founders Fund partner Delian Asparouhov realized he hadn’t checked on his genetics in a while. He clicked open a dashboard created by Nucleus Genomics, a Founders Fund-backed startup that gets saliva samples sequenced and then compares the DNA results to extensive data linking health issues to genes. Within seconds, he concluded that he…